XLMedia buys financial services comparison site

Digital performance marketing company XLMedia continued its buying spree today with a swoop on a US comparison website. The Aim-listed firm has added young adult personal finance site Moneyunder30.com to its portfolio for $7m (£5.4m). XLMedia is targeting further US expansion, following its acquisition of Canadian credit card comparison site Greedyrates.

read more

Saudi investor buys significant stake in the Independent

A Saudi investor has taken a significant stake in the Independent, potentially pumping millions of pounds into the liberal news website but may spark a controversy about the human rights record of the Middle Eastern country. The deal, which was first report by Middle East Eye, could value the Independent at more than £100m

read more

Incisive Media founder Weller and CEO Whiteley lead MBO

Press Release: Investment Week founder Tim Weller and the leadership team of parent Incisive Media have secured a management buyout (MBO), that allows the business to accelerate its growth strategy under long-term private ownership. The MBO was led by Tim Weller, founder and chairman, CFO Jamie Campbell-Harris and CEO Jonathon Whiteley; a team who have worked together in the business for two decades.

read more

Telegraph Media Group acquires UK exam preparation app Gojimo

Gojimo, an app that helps U.K. high school students prepare for exams, has been acquired by Telegraph Media Group, the publisher of The Daily Telegraph and The Sunday Telegraph newspapers. Terms of the deal remain undisclosed, but from what I gather the Gojimo team are staying on and the company will still be run as a separate entity.

read more

Ascential agrees to buy One Click Retail for US$44m

Publishing and events group Ascential has agreed to buy US e-commerce analytics provider One Click Retail in a deal worth more than $44m. One Click Retail provides data analytics to help consumer groups increase online sales, and was founded by former Amazon and Walmart executive Spencer Millerberg

read more

Apax to buy Dominion Marine Media

Apax Partners said July 19 it has agreed to buy Dominion Marine Media. Financial terms weren’t announced. Dominion Enterprises, a subsidiary of Landmark Media Enterprises, is the seller. Dominion Marine operates recreational marine digital marketplaces – BoatTrader, boats.com, YachtWorld, and CosasDeBarcos – which attract over 62 million unique visitors annually

read more

Hearst and Verizon acquire Complex

Publishers are scrambling quickly to launch Millennial content hubs, but Hearst is opting for the turnkey approach. The company announced that it’s extending its partnership with telecommunications giant Verizon to acquire Complex and its massive Millennial video audience

read more

Time inc may buy Yahoo after MySpace deal

Time Inc, the publisher of Sports Illustrated, People and Time magazine, is considering a deal to buy the core business of Yahoo Inc, Bloomberg reported, citing people familiar with the matter.

Time has heard a presentation from Citigroup bankers on pursuing a deal with Yahoo, the Bloomberg report said, adding that Citigroup had not been retained by Time

read more

Walt Disney doubles stake in Vice Media to $400m

Walt Disney is doubling its stake in Vice Media to $400m, lifting its stake in the youth-focused media group to about 10 per cent, according to people familiar with the matter.

The deal, which values Vice at more than $4bn, comes weeks after Disney’s first $200m investment in the Brooklyn-based company.

read more